Al Gore, the Nuclear Power Industry, and big money

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Al Gore, the Nuclear Power Industry, and big money

What this illustrates is who knows who in this global warming hysteria. Note the people and how they are connected:

Al Gore
John P. Holdren
Teresa Heinz and John Kerry
and the list of corporations and foundations set to make billions.

But why would Al Gore today not even mention the nuclear industry and harps on cap and trade? His company Generation Investment Management LLP to quote,

Generation Investment Management LLP is a London-based investment management firm with an investment style that blends traditional equity research with a focus on sustainability factors, including social and environmental responsibility and corporate governance. Former U.S. Vice President Al Gore is chairman of Generation, and David Blood — previously chief executive of Goldman Sachs Asset Management — is CEO. The pair has given the company its nickname, "Blood and Gore."

Generation has built a global research platform to integrate sustainability research into fundamental equity analysis. The firm focuses on the economic, environmental, social, and governance risks and opportunities that can materially affect a company's ability to sustain profitability and deliver returns.

Gore was worth $1 million in 2001, but today is worth $100 million. A lot of big corporations stand to make billions as well.

(extract) Striding into Kyoto claiming to be a mighty warrior in the battle against global warming was a familiar beast, the nuclear power industry...The big reactor makers, GE, CBS, and Combustion Engineering, were there too...CounterPunch got its hands on a copy of the nuclear industry's Kyoto briefing book prepared by the Nuclear Energy Institute, a $100 million a year trade organization...One reason its renewed success may be that the NEI has been putting its money into more profitable investments...

into the coffers of the DNC and RNC. Since 1995 the NEI and its members have doled out $13 million in political contributions to key senate and house members, including John Dingell ($122,700) Tom Delay ($106.500), Dick Gephardt ($104,000) Thomas Bliley ($100,000), and David Bonior ($80,075).

Another reason is that the nuclear lobby has enjoyed a long and profitable relationship with both Clinton and Gore. Al Gore, who wrote of the potential green virtues of nuclear power in his book Earth in the Balance, earned his stripes as a congressman protecting the interests of two of the nuclear industry's more problematic enterprises, the TVA and the Oak Ridge Labs. And, of course, Bill Clinton backed Entergy's outrageous plan to make Arkansas ratepayers pay for cost overruns on the company's Grand Gulf reactor which provided power to electricity consumers in Louisiana...

During the run up to Kyoto, the nuclear industry secured another startling windfall, this time a promise of nearly $400 million in research and development subsidies. The key man here is one of Al Gore's intellectual Svengalis, John P. Holdren. While a professor at Berkeley, Holdren portrayed himself as a mighty foe of nuclear weapons. His popularity among Berkeley students soared after he gave ecological backing to Carl Sagan's scary scenarios about nuclear winter.

Now Holdren is ensconced at Harvard's Kennedy School of Government, where he presides as the John and Teresa Heinz professor of environmental policy. It will be recalled that Teresa Heinz is the $2 billion widow of the late Sen. John Heinz, intimate friend of Clinton's former global warming negotiator Tim Wirth, current wife of Sen. John Kerry, head of a $200 million foundation which gives money for "practical solutions to global environmental problems" and long-time board member of the Environmental Defense Fund.

Holdren was tapped by Gore and Clinton's science advisor Jack Gibbons to head a task force on energy and climate policy as part of the Presidential Commission on Science and Technology. Holdren's panel was well stocked with allies of the nuclear lobby...it's not surprising that Holdren's report largely parrots the line advanced by the Nuclear Energy Institute...Incredibly, Holdren and his gang also recommend spending $280 million on fusion research, a proven waste of money in terms of energy production.

Under even the most optimistic scenarios, fusion reactors will be able to generate electricity for about 50 cents per kilowatt hour, ten times more than the cost of natural gas turbines...a full-page ad appeared in the Wall Street Journal that must have warmed the hearts of the men at the NEI. Under the headline, "A Business Climate Challenge: America Needs to Get Serious About Climate Change," 60 corporate executives, led by Nike, Mitsubishi, CalEnergy, Pacific Energy, Mitchell Energy, and Ted Turner endorsed the need for a strong climate change treaty.

The ad was also signed by Enron and Bechtel, two companies with interests in nuclear power...The idea for this really came from the Clinton administration...They said if we wanted to see a good treaty we needed to show that property owners and Republican business leaders cared about global warming... Ref. http://www.counterpunch.org/nukes.html

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